Contract at a price of $0.10958/peso. If the spot rate of exchange at maturity of the futures contract turns out to be $0.095/Peso, then on the futures contract you would be able to make a profitloss of: a)$5549 b)S3566 C) $8767 D)S7290 7) JUse the following table to answer the next Four questions, based on the spot and the July futures contract prices for DM for three days in May 2004. Each contract requires the delivery of DM 125,000. The initial and maintenance margin per contract are $2,500, and S2,000, respectively. You sell one DM furures contract on 5/01/04. You do not withdraw from vour margin account. 5/03/04 5/01/04 5/02/04 Date S0.5331 Spot Price July Futures Contract S0.5320 $0.5375 $0.5325 $0.5315 $0.5350 What will be the profit/loss posted to your account on 5/02/04 A. $625.00 B. + $262.50 C. - $312.50 'D. - $687.50 HHow much money will you have in your margin account at the end of the day on 5/03/04 A. $ 750.00 B. $ 2,187.50 C. $ 2,937.50 D. $ 3,250.00 9) Based on prices during the three-day period, which one of the following statements is true A. If you sold DM futures contracts on 05/01, then on 05/02 you would have made a prof B. If you bought DM futures contracts on 05/01, then on 05/02 you would have made a lc C. If you sold DM futures contracts on 05/02, then on 05/03 you would have made a prof D. If you bought DM futures contracts on 05/02, then on 05/03 you would have made a p FOn 5/04/04, futures price goes to $0.54. How much money will you have to deposit on margin Call ? e)495 d)1875 c)375 b)625 a)$125 137 Contract at a price of $0.10958/peso. If the spot rate of exchange at maturity of the futures contract turns out to be $0.095/Peso, then on the futures contract you would be able to make a profitloss of: a)$5549 b)S3566 C) $8767 D)S7290 7) JUse the following table to answer the next Four questions, based on the spot and the July futures contract prices for DM for three days in May 2004. Each contract requires the delivery of DM 125,000. The initial and maintenance margin per contract are $2,500, and S2,000, respectively. You sell one DM furures contract on 5/01/04. You do not withdraw from vour margin account. 5/03/04 5/01/04 5/02/04 Date S0.5331 Spot Price July Futures Contract S0.5320 $0.5375 $0.5325 $0.5315 $0.5350 What will be the profit/loss posted to your account on 5/02/04 A. $625.00 B. + $262.50 C. - $312.50 'D. - $687.50 HHow much money will you have in your margin account at the end of the day on 5/03/04 A. $ 750.00 B. $ 2,187.50 C. $ 2,937.50 D. $ 3,250.00 9) Based on prices during the three-day period, which one of the following statements is true A. If you sold DM futures contracts on 05/01, then on 05/02 you would have made a prof B. If you bought DM futures contracts on 05/01, then on 05/02 you would have made a lc C. If you sold DM futures contracts on 05/02, then on 05/03 you would have made a prof D. If you bought DM futures contracts on 05/02, then on 05/03 you would have made a p FOn 5/04/04, futures price goes to $0.54. How much money will you have to deposit on margin Call ? e)495 d)1875 c)375 b)625 a)$125 137